Posted by Carmen_FL on February 10, 2000 at 21:08:51:
Find another mortgage broker. As them specifically about financing a foreign national. I know lenders here in Florida who can finance a foreign national with 20-30% down (no social security). At 20%, they ask for some documentation (e.g. bank statements, verification of employment from foreign country, etc.) With 30% down, all they ask is your name. The rates are very competitive, though - almost better than for the “regular” loans, from what I’ve seen with some lenders. I just went through this with one of my clients, and found 4 brokers who all said they could do it. One had an adjustable rate starting at 4.25% (or so she claims) with 25% down.
If you don’t find a broker who can do this for you, I can ask the ones I know if they work outside of Florida. E-mail me. But I have to believe that these programs are nationwide.